IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Valentin Gapontsev Trust I sold 9,306 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $75.95, for a total transaction of $706,790.70. Following the completion of the transaction, the insider owned 6,642,886 shares in the company, valued at approximately $504,527,191.70. This represents a 0.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Valentin Gapontsev Trust I also recently made the following trade(s):
- On Tuesday, September 1st, Valentin Gapontsev Trust I sold 18,091 shares of IPG Photonics stock. The shares were sold at an average price of $75.14, for a total transaction of $1,359,357.74.
- On Tuesday, July 21st, Valentin Gapontsev Trust I sold 56,316 shares of IPG Photonics stock. The stock was sold at an average price of $102.31, for a total transaction of $5,761,689.96.
IPG Photonics Trading Up 2.0%
IPGP stock opened at $78.00 on Friday. The stock’s 50 day simple moving average is $90.68 and its 200 day simple moving average is $108.59. IPG Photonics Corporation has a 12-month low of $69.41 and a 12-month high of $155.82. The stock has a market capitalization of $3.32 billion, a PE ratio of 120.00, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98.
Analysts Set New Price Targets
IPGP has been the topic of several research analyst reports. Roth Capital restated a “buy” rating and set a $151.00 target price on shares of IPG Photonics in a research note on Tuesday, May 19th. Wall Street Zen downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup dropped their target price on shares of IPG Photonics from $150.00 to $137.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Needham & Company LLC lifted their target price on shares of IPG Photonics from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, IPG Photonics currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.60.
View Our Latest Analysis on IPGP
Institutional Investors Weigh In On IPG Photonics
Several hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its stake in shares of IPG Photonics by 12,027.2% in the 2nd quarter. California State Teachers Retirement System now owns 3,607,121 shares of the semiconductor company’s stock worth $423,187,000 after purchasing an additional 3,577,377 shares during the period. BlackRock Inc. purchased a new stake in IPG Photonics during the second quarter valued at approximately $334,429,000. Segall Bryant & Hamill LLC purchased a new stake in IPG Photonics during the fourth quarter valued at approximately $30,254,000. AQR Capital Management LLC raised its position in IPG Photonics by 53.7% in the second quarter. AQR Capital Management LLC now owns 978,577 shares of the semiconductor company’s stock worth $67,101,000 after acquiring an additional 341,773 shares during the period. Finally, Legal & General Group Plc bought a new position in IPG Photonics in the second quarter worth approximately $35,113,000. Hedge funds and other institutional investors own 93.79% of the company’s stock.
IPG Photonics Company Profile
IPG Photonics Corporation is a global leader in the design and manufacture of high-performance fiber lasers and amplifiers used in industrial, medical, scientific, and telecommunications applications. The company’s core products include ytterbium and erbium fiber lasers, diode lasers, and fiber amplifiers that deliver high power and efficiency for precision cutting, welding, marking, and engraving. IPG’s systems are engineered to optimize process speed, reliability, and energy consumption, making them a preferred choice for advanced manufacturing environments.
In addition to stand-alone laser sources, IPG offers turnkey laser systems and integrated solutions tailored to sectors such as automotive, electronics, aerospace, additive manufacturing, and life sciences.
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